another_method by another_user (every week info update)

The things you need to know first

-market feeling, its impulse n consolidation phases

-wave theory or a tiny bit of it,
you can read yngwie's technical note at "free download" section

-money managment!
somthing about it here-> welearnforex.com/why-money-management-is-crucial-in-forex/

-news that will come in trading day, only time they come is important!

so i started post about my method for volatile pairs
i only tested it on 1H tf and only 3 days, but im sure it works, you can test it for yourself as always before start to trade it,
sometimes i use it in compilation with yngwie entry points, its good for it too


to have chart like mine you need to apply indicators
-alligator
-fractals
they are main, you can use only theese two

-awesome or accelerator or macd or momentum
to detect divergention that predicts trend reversal or correction,first 3indi shows 3 to 5 wave also
momentum is more sensetive so has more prediction potential

-zigzag
can be used for showing wave structure some times when u not shureбиге indie shows only extremum points not waves

-parabolic sar
this shows exit point

here how it looks like


adding some other useful indie i found
standard deviation channels(upload later)

what to do with that you may ask so i answer)

the rules
1 always trade smallest lot and add the same amount

2 no need to nervice, stop loss or take profit will show money

next step entry point

every two fractals formed in diffrent direction to each other shows entry points,the fractal-start,(1pips+spread from high or low of fractal bar depending on bull or bear fractal) depending on previous movment or wave expectations.
better see 1-2 fractal before last fractal-start to be sure of your entry point or use yngwies's)

next step exit point

you will be sl'ed due to highest or lowest last 2 fractals, move your sl according to last 2 fractals
or tp'ed due to fibo or other expectations
or you can close manual as price touches parabolicSAR or alligator red line, good to have 30-35 pips after sl moved to profit or BE zone.

adding positions is always same small lot, because to finish you may have more than 5-8 orders

next chart shows how it goes on bull or bear market



ask me if you have any questions
comments critics and other replys are welcome
im trying to make it better so if you discovered smthng useful pls reply

Hey!!! Really nice method!

see status bar...

soon upgrade